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So I recently paid a visit to the Goretorium in Las Vegas (which filed for chapter 11 bankruptcy). I do not think it would make sense for me to write a detailed review, as the Goretorium is not currently running in the way that the creators have planned. For example, when I visited there were only around 6 actors in the whole show (which apparently was built for 40-60 actors). I must point out, however, that those actors did a great job making the best of the situation.
Of course I was rooting for the Goretorium to become a success but (like most of you) I questioned its year-round business model and pricing strategy. After visiting, I did some research to get a better understanding of Goretorium's business model. I found this interesting document that I wanted to share with you all (Start on page 32. Open the link and do a search for "Goretorium"): http://www.sec.gov/Archives/edgar/da...n159_fwpx3.htm
Here are a few key parts of the document:
On page 40 and 41 there are some great pictures of the building and the floor plan of Harmon Corner (you can see how much space Goretorium takes up!)
Heres a quote: "Eli Roth’s Goretorium (14,799 sq. ft., 22.1% of NRA, 15.2% of U/W Base Rent) Eli Roth’s Goretorium (“Goretorium”) is a live, self-guided horror experience created by Eli Roth, an American film director, producer, writer and actor. Goretorium consists of more than 20 rooms with different displays and ends with a drinks lounge featuring outdoor space overlooking the Las Vegas Strip. Goretorium opened October 1, 2012. According to the Harmon Corner Sponsors, Goretorium has invested approximately $8 million ($541 PSF) to build out its space. Goretorium has a lease expiration date of September 30, 2022 and two five-year renewal options."
Unfortunately, it looks like the Goretorium was always destined to have financial problems. Even on paper the Goretorium's business model does not seem to make financial sense. I wonder what would have happened if Eli Roth took the seasonal attraction route instead. From what I hear, Eli seems like a great guy. I wish him (and the Goretorium) much luck for this season.
Of course I was rooting for the Goretorium to become a success but (like most of you) I questioned its year-round business model and pricing strategy. After visiting, I did some research to get a better understanding of Goretorium's business model. I found this interesting document that I wanted to share with you all (Start on page 32. Open the link and do a search for "Goretorium"): http://www.sec.gov/Archives/edgar/da...n159_fwpx3.htm
Here are a few key parts of the document:
On page 40 and 41 there are some great pictures of the building and the floor plan of Harmon Corner (you can see how much space Goretorium takes up!)
Heres a quote: "Eli Roth’s Goretorium (14,799 sq. ft., 22.1% of NRA, 15.2% of U/W Base Rent) Eli Roth’s Goretorium (“Goretorium”) is a live, self-guided horror experience created by Eli Roth, an American film director, producer, writer and actor. Goretorium consists of more than 20 rooms with different displays and ends with a drinks lounge featuring outdoor space overlooking the Las Vegas Strip. Goretorium opened October 1, 2012. According to the Harmon Corner Sponsors, Goretorium has invested approximately $8 million ($541 PSF) to build out its space. Goretorium has a lease expiration date of September 30, 2022 and two five-year renewal options."
Unfortunately, it looks like the Goretorium was always destined to have financial problems. Even on paper the Goretorium's business model does not seem to make financial sense. I wonder what would have happened if Eli Roth took the seasonal attraction route instead. From what I hear, Eli seems like a great guy. I wish him (and the Goretorium) much luck for this season.
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